Equities Turnover Jump 105.6% To Hit Ksh 174.7 Million

Equities turnover jumped by 105.6% to KES 174.7Mn up from KES 85.0Mn the previous trading day. Foreign investors were the dominant players on the day. They accounted for c. 76.6% of the total market turnover.

Foreign investors remained bearish on key blue chips to print net outflows of KES 34.3Mn in the day.

Safaricom Group was the most traded counter on the day – accounting for 71.2% of the total market activity. The stock’s turnover came in at KES 124.3Mn – with net outflows amounting to KES 41.2Mn.

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At the same time, Fixed Income Turnover flatlined at KES 3.95Bn similar to the previous trading day.

The FXD bond segment was the highest-grossing segment of the day – accounting for c. 95% of trades above KES 50Mn. IFB1/2023/007 was the most frequently traded paper of the day.

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